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Russia interested in cooperation with China’s financial system — official

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Capital controls to push Russia many years back — Central Bank chief

MOSCOW, October 2. /TASS/. Russia is interested in cooperation with China’s financial system, Deputy Finance Minister Alexey Moiseyev said on Thursday.

Chinese commercial banks have asked the Russian monetary authorities to consider changing capital adequacy requirements, Moiseyev said. “They want a couple of changes. There are several ratios which they believe are inconvenient. These ratios relate to capital adequacy,” the deputy finance minister said, adding the issue was within the competence of the Central Bank of Russia.

This issue was discussed at a meeting of Russian First Deputy Prime Minister Igor Shuvalov with representatives of 12 Chinese commercial banks in Beijing.

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